Is Logarithmic Finance (LOG) The New King Of Crypto? How does It Stake Up Against Ethereum (ETH) & BINANCE (BNB)?
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New cryptocurrencies are being introduced to the internet every day. Now, Logarithmic Finance has become the new talking point.
Logarithmic Finance is the new layer-3 switching protocol that intends to link investors and innovators smoothly and efficiently.
The White Paper of Logarithmic Finance states that their roadmap visualises the future improvement that will be integrated into the ecosystem to offer investors and innovators the wonder of DeFi, which they actually deserve.
It aims for blockchain variety that will create a cross-chain and multi-chain ecosystem with an opportunity to generate finance across all blockchain networks, such as Bitcoin (BTC) and Ethereum (ETH).
Logarithm Finance Presale Running in Full Scale
In the first phase of the presale, LOG is an excellent choice for cryptocurrency experts and beginners. It will provide several benefits to the users. As it progresses through the roadmap, Logarithmic Finance is going to offer many DeFi choices, enabling investors to exchange their NFTs.
This new cryptocurrency is going to enable the innovators and investors to get their funds for the NFTs in return for the cryptocurrencies and stable coins. Since the presale started, LOG has seen a 44% increase in its price.
Logarithmic Finance compared to Ethereum and Binance
● Logarithmic Finance
Logarithmic Finance is in its presale and you can purchase it at $0.0002 per token. Once the presale ends, the price can be much higher if more people keep buying. Logarithmic Finance is a swapping protocol operating on a layer-3 protocol.
The goal is to provide a connection between investors and innovators. The decentralised finance fundraising operation for projects will be enabled across various blockchains.
The goals of Logarithmic Finance are integrating a cross-swap system, integrating stable coin swap, launching Governance, and launching a mobile compatible swap
● Ethereum
Ethereum has already established its market dominance. It is the second-largest cryptocurrency in the industry and has only lost out to Bitcoin.
The cryptocurrency has been criticized for its expensive and slow blockchain. But you should know that it’s because it is one of the most popular blockchains and so the network can become congested.
The Ethereum team are now working to upgrade Ethereum from the current Proof of Work (PoW) protocol to the new and environmentally friendly Proof of Stake (PoS) protocol.
The transition will make the platform much more efficient and cheaper to use this can see an uprise in more people using it. Developers need time to make sure that it goes off without any problem. So, pushing the deadline for the rollout can be worth it.
● Binance
Binance, on the other hand, is a native cryptocurrency for the largest cryptocurrency that exists. It is used for paying fees for buying tickets from participating companies or donating to charity.
Only recently, this cryptocurrency has increased its reach by forming an agreement that lets them act as a broker-dealer for the virtual assets in Abu Dhabi. It means that the country will take steps to regulate and use cryptocurrency across the country.
The exchange will benefit Binance as it is going to be available to many people.
With the increased interest across the world, Binance will keep benefiting. This is evident from the rising global market cap since more cryptocurrencies are going to join the exchange.
If Binance is able to maintain its position, its uses can increase. This, in turn, will increase their native token value.
Is it a Good Idea to Invest in Logarithmic Finance?
The cryptocurrency market is volatile and many experts agree that diving in early with a good idea is a very good strategy. Prices can rise during the presale period of the release.
Since Logarithmic Finance just started with its presale, the best way to participate in it is through its website. After you register and submit, you are going to get access to the dashboard with the information about the presale progress.
It is expected that Logarithmic Finance will be a reputable currency initiative. It can be the crypto that would make the investors very rich and become one of the top coins in the crypto market along with Parody Coin (PARO) and Ripple (XRP).
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